Question

In: Accounting

Match the items below by selecting the appropriate answer: Levied against employees' wages without limit An...

Match the items below by selecting the appropriate answer:

Levied against employees' wages without limit

An obligation in the form of a written promissory note

A payroll tax expense levied only against the employer based on employee's wages

A measure of a company's liquidity

A debt that can reasonably be expected to be paid from current assets

A form showing gross earnings, FICA taxes withheld, an income taxes withheld

Levied against employees' wages with maximum limit

A potential liability that may become an actual liability in the future

Provides additional insight regarding a company's cash-generating ability

Answer choices:

Current Liability

Federal Income taxes

Wage and tax Statement

Federal Unemployment Taxes

FICA Taxes

Contingency Liability

Current Ratio

Notes Payable

Free Cash Flow

Expert Solution

Description					TERM
Levied of employeees wages without limit				Federal Income taxes
An Obligation in the form of written promisory note			Notes payable
A payroll tax expense levied against employer only			Federal Unemployment tax
A measure of company's liquidity				Current ratio
A Debt that can reasonably be expected to be paid from current assets	Current liabilities
A form showing gross earning, FICA withheld			Wage statement
Levied against employees wages within maximum limit			FICA taxes
A potential liability that may become a actual liability in future		Contingent liability
Provides additional insight regarding company cash generating ability		Free Cash flows

ekkarill92 answered 1 year ago

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